Micado: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Micado
Largest movements
- Tangible fixed assets -€43,864
down €43,864 (-6.8%), from €643,593 to €599,728
of which Land and buildings: -€45,413
- Receivables within one year +€19,800
up €19,800 (+8.9%), from €222,330 to €242,130
- Cash -€10,737
down €10,737 (-38.3%), from €28,018 to €17,281
mainly Debts after one year (-€37,409) and Receivables within one year (-€19,800)
- Debts after one year -€37,409
down €37,409 (-7.2%), from €520,726 to €483,318
- Reserves +€11,534
up €11,534 (+3.8%), from €304,720 to €316,254
of which Distributable reserves: +€11,534
- Gross operating margin -€44,735
down €44,735 (-36.7%), from €121,731 to €76,996
- Taxes -€9,354
down €9,354 (-64.0%), from €14,609 to €5,255
- Other operating charges -€1,860
down €1,860 (-54.8%), from €3,396 to €1,536
- Financial charges +€1,699
up €1,699 (+16.9%), from €10,034 to €11,733
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,070,263 | €1,035,462 | -€34,801 | -3.3% |
| Fixed assets | 21/28 | €819,915 | €776,050 | -€43,864 | -5.3% |
| Tangible fixed assets | 22/27 | €643,593 | €599,728 | -€43,864 | -6.8% |
| Land and buildings | 22 | €642,824 | €597,410 | -€45,413 | -7.1% |
| Furniture and vehicles | 24 | €769 | €2,318 | +€1,549 | +201.4% |
| Financial fixed assets | 28 | €176,322 | €176,322 | = | 0.0% |
| Current assets | 29/58 | €250,348 | €259,412 | +€9,063 | +3.6% |
| Amounts receivable within one year | 40/41 | €222,330 | €242,130 | +€19,800 | +8.9% |
| Other amounts receivable | 41 | €222,330 | €242,130 | +€19,800 | +8.9% |
| Cash at bank and in hand | 54/58 | €28,018 | €17,281 | -€10,737 | -38.3% |
| Total equity and liabilities | 10/49 | €1,070,263 | €1,035,462 | -€34,801 | -3.3% |
| Equity | 10/15 | €460,241 | €471,775 | +€11,534 | +2.5% |
| Contributions | 10/11 | €155,521 | €155,521 | = | 0.0% |
| Capital | 10 | €155,521 | €155,521 | = | 0.0% |
| Issued capital | 100 | €155,521 | €155,521 | = | 0.0% |
| Reserves | 13 | €304,720 | €316,254 | +€11,534 | +3.8% |
| Non-distributable reserves | 130/1 | €15,552 | €15,552 | = | 0.0% |
| Legal reserve | 130 | €15,552 | €15,552 | = | 0.0% |
| Distributable reserves | 133 | €289,168 | €300,702 | +€11,534 | +4.0% |
| Provisions and deferred taxes | 16 | €36,956 | €36,956 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €36,956 | €36,956 | = | 0.0% |
| Pensions and similar obligations | 160 | - | €36,956 | +€36,956 | |
| Major repairs and maintenance | 162 | €36,956 | - | -€36,956 | |
| Amounts payable | 17/49 | €573,066 | €526,731 | -€46,335 | -8.1% |
| Amounts payable after more than one year | 17 | €520,726 | €483,318 | -€37,409 | -7.2% |
| Financial debts | 170/4 | €520,726 | €483,318 | -€37,409 | -7.2% |
| Amounts payable within one year | 42/48 | €52,339 | €43,413 | -€8,926 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €36,813 | €37,409 | +€596 | +1.6% |
| Trade debts | 44 | €918 | - | -€918 | |
| Suppliers | 440/4 | €918 | - | -€918 | |
| Taxes, remuneration and social security | 45 | €14,609 | €6,005 | -€8,604 | -58.9% |
| Taxes | 450/3 | €14,609 | €6,005 | -€8,604 | -58.9% |
| Non-recurring operating income | 76A | €3,392 | - | -€3,392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,814 | €47,025 | +€1,211 | +2.6% |
| Other operating charges | 640/8 | €3,396 | €1,536 | -€1,860 | -54.8% |
| Gross operating margin | 9900 | €121,731 | €76,996 | -€44,735 | -36.7% |
| Operating profit (loss) | 9901 | €72,521 | €28,434 | -€44,087 | -60.8% |
| Financial income | 75/76B | €0 | €87 | +€87 | +144983.3% |
| Recurring financial income | 75 | €0 | €87 | +€87 | +144983.3% |
| Financial charges | 65/66B | €10,034 | €11,733 | +€1,699 | +16.9% |
| Recurring financial charges | 65 | €10,034 | €11,733 | +€1,699 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €62,487 | €16,789 | -€45,699 | -73.1% |
| Income taxes | 67/77 | €14,609 | €5,255 | -€9,354 | -64.0% |
| Profit (loss) for the period | 9904 | €47,879 | €11,534 | -€36,345 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,879 | €11,534 | -€36,345 | -75.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.